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Friday, September 30, 2016

You Want to Fix The U.S. Economy?

Then First Fix U.S. Healthcare

Charles Hugh Smith* sees the costs of U.S. healthcare as being critically tied to the health of the overall U.S. economy .. "We don't just deserve an affordable, sustainable healthcare system--we're doomed to bankruptcy without one What is blindingly obvious to employers but apparently invisible to the average zero-business-experience mainstream pundit is this: if you want to fix the economy, you must first fix healthcare. If you want to pinpoint a primary reason why U.S. enterprises shift jobs overseas, you have to start with skyrocketing healthcare costs." .. about the current system: "The current system is not a solution, it's a poisoned blade in the heart of the economy. Everybody knows this, just as everybody knows it's unaffordable and unsustainable. The solution? Let a 100 flowers bloom. Give consumers as wide a choice as possible, including government-run insurance programs. Don't force anyone to join anything. Give employers and employees as broad a range of choices as possible--yes, including a government-run insurance program in which the government owns the entire operation--clinics, hospitals, drug manufacturers, etc., lock, stock and barrel. The point here is we need real competition, but our current system guarantees there cannot be real competition. The for-profit cartels have captured the federal regulatory and funding agencies, and the last thing the cartels want is transparency and wide-open global competition."LINK HERE to the essay

1 comment:

Anonymous
said...

With a History of Political Corruption, Rock Creek Pharma Files for Bankruptcy

Rock Creek Pharma reported total assets of about $35,000 with total liabilities of $21.3 million. RCP Development has total liabilities of almost $52 million, with assets of more than $31,000. And Star Tobacco claims assets of more than $482,000, but its total liabilities are $12.2 million.

Michael Mullan is the company’s chief executive officer, formerly chief executive of the Roskamp Institute. Rock Creek was originally called Star Scientific and based in Virginia. The company’s founder and former chief executive officer, Jonnie Williams, stepped down in late 2013 after investigations of his relationship with Virginia Governor Bob McDonnell.

McDonnell and his wife Maureen were indicted in January 2014 for accepting gifts, vacations and loans exceeding $175,000 from Williams. The 14-count indictment charged that, in return for the gifts, McDonnell used his office to “legitimize, promote, and obtain research studies for Star Scientific’s products.”

The McDonnells were found guilty of public corruption in September 2014, and the governor was convicted on 11 counts and later sentenced to two years in prison. Maureen McDonnell was convicted on nine counts and received a sentence of a year and a day.

Governor McDonnell’s sentence was upheld by the Fourth Circuit Court of Appeals, which then was taken to the U.S. Supreme Court. The Supreme Court overturned the sentence and returned it to the lower court.

At the Supreme Court case, Justice John Roberts wrote in an opinion, “There is no doubt that this case is distasteful; it may be worse than that. But our concern is not with tawdry tales of Ferraris, Rolexes, and ball gowns, it is instead with the broader legal implications of the Government’s boundless interpretation of the federal bribery statute.”

The Justice Department declined to prosecute again and moved to dismiss the charges.

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